Local earnings

LOCAL EARNINGS

Copyright 2006 Houston Chronicle News Service

Published
5:30 am CDT, Friday, October 27, 2006

• FMC Technologies reported a 34 percent increase in its net income for the third quarter because of continued strong demand for the hardware the Houston company sells for offshore oil and natural gas development.
Its net income for the quarter was $61 million, or 87 cents per fully diluted share, up from $45.7 million, or 65 cents per share, for the same period a year ago.

Its revenue rose to $961 million from $776 million for the same quarter a year ago.

•Houston-based heating and air-conditioning equipment maker Goodman Global said its third-quarter net income rose to $30.6 million, or 43 cents per share, compared with $22.6 million, or 35 cents per share, last year.
The company said its sales grew nearly 15 percent to $517.2 million from $451.3 million in the same quarter last year.